Rs 17.5/Share To Rs 44/Share Dividend: 5 Stocks With Dividend Upto 2200% To Trade Ex-Dividend This Week

Five stocks namely Godfrey Phillips, Divi's Laboratories, Pfizer, Goa Carbon and Lumax Industries will be in focus during the trading week from August 6th to August 11th as they will turn ex-dividend for up to 2200% dividend payout. These firms are offering dividends from Rs 17.5 per share to as high as Rs 44 per share. Major movements are likely expected in these stocks.

Ex-dividend is the day when the price of the equity share of the company gets adjusted for the dividend payout.

1.Godfrey Phillips:

The company has declared a final dividend of 2200% aggregating to Rs 44 per share having a face value of Rs 2 each for the financial year ended March 31, 2023.

In its regulatory filing, the Register of Members and Share Transfer Books of the Company will remain closed from Saturday, 12th August 2023 to Friday, 1st September 2023 (both days inclusive) for the purpose of the Annual General Meeting and Dividend for the Financial Year ended 31st March 2023.

Hence, the record date for the dividend benefits is August 11. It will also turn ex-dividend on the same day as the record date.

The company plans to pay the dividend within a period of 30 days from the date of the Annual General Meeting to those members whose names appear in the Register of Members as on the Record date of Friday, 11th August 2023.

On Friday, Godfrey Phillips stock ended at Rs 2003.50 apiece, down by Rs 28.30 or 1.4% on BSE.

2. Divi's Laboratories:

This pharma company has declared a dividend of Rs 30 per share (1500%) per equity share of face value ₹ 2/- each for the financial year 2022-23.

The company has fixed August 11 as the record date for determining eligible shareholders to receive a dividend for the said fiscal. This is also its ex-dividend date.

If the dividend, as recommended by the Board of Directors, is approved at the AGM, payment of such dividend subject to deduction of tax at source will be made on and from Monday, September 04, 2023.

On BSE, Divi's Lab's share price closed at Rs 3746.45 apiece, up by 0.54% on Friday.

3. Pfizer:

Drug maker, Pfizer's board has recommended a final dividend of Rs 40 per share (400%) for the financial
year ended March 31, 2023.

The Rs 40 per share dividend includes a special dividend of Rs 5 per share.

It said, "The record date to determine the names of the members for payment of
final dividend of Rs. 40/- (400%) per equity share for the financial year ended March 31, 2023, if approved at the AGM is Friday, August 11, 2023."

Hence, the stock will turn ex-dividend on August 11.

The said dividend if approved by the Members at the AGM, would be paid on or before September 16, 2023.

On BSE, Pfizer's stock price ended at Rs 3955.25 apiece, down by 1%.

4. Lumax Industries:

Leading largest Auto Lights Supplier and Auto Light Manufacturer in India, Lumax Industries has declared a dividend of Rs 27 per equity share (270%) having a face value of Rs 10 each for the financial year 2022-23.

The company has revised its dividend record date to Thursday, August 10, 2023, to ascertain the list of shareholders eligible for dividends for FY23.

Hence, Lumax shares will trade ex-dividend on August 10.

The dividend, if approved by the Shareholders in the ensuing AGM, will be paid within 30 days of approval/declaration.

On BSE, Lumax Industries share price closed at Rs 2068.95 apiece, up by 0.14%.

5. Goa Carbon:

Goa Carbon has declared a final dividend of Rs 17.50 per share (175%) having a face value of Rs 10 each for FY23. The cut-off date for the dividend is fixed on August 10, while the company's book closure will be from August 11 to August 17, 2023.

Hence, Goa Carbon shares will turn ex-dividend on August 10.

The final dividend, if approved by the shareholders at the 55th AGM to be held on August 17, 2023, will be paid on or after September 7, 2023.

On BSE, Goa Carbon shares ended at Rs 564.70 apiece, up by 1.08% on Friday.

Dividends are incentives or in simple words 'rewards' that are offered by listed companies at regular intervals. The firms pay dividends from their financial year profits to their shareholders who have invested in their equity shares on exchanges.